Workday Inc (WDAY) Given Average Rating of “Hold” by Analysts

Shares of Workday Inc (NASDAQ:WDAY) have been assigned an average rating of “Hold” from the forty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $107.35.

WDAY has been the topic of several research analyst reports. Morgan Stanley upgraded Workday from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $108.00 to $145.00 in a research note on Wednesday, January 10th. Guggenheim started coverage on Workday in a research note on Monday, October 30th. They set a “neutral” rating and a $105.00 price target on the stock. UBS Group restated a “sell” rating and issued a $95.00 target price (down previously from $121.00) on shares of Workday in a research note on Thursday, November 9th. Robert W. Baird restated a “buy” rating and issued a $114.00 target price on shares of Workday in a research note on Friday, November 10th. Finally, Barclays upped their target price on Workday from $108.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th.

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In other Workday news, SVP James P. Shaughnessy sold 6,409 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $103.47, for a total transaction of $663,139.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Stankey sold 12,500 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $102.10, for a total value of $1,276,250.00. The disclosure for this sale can be found here. Insiders sold a total of 1,197,306 shares of company stock valued at $126,753,397 in the last ninety days. 37.71% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Workday by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,042,200 shares of the software maker’s stock valued at $109,838,000 after acquiring an additional 4,047 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Workday by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 805,789 shares of the software maker’s stock valued at $78,162,000 after acquiring an additional 27,708 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Workday by 3.2% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after acquiring an additional 19,122 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Workday by 1.8% during the third quarter. Legal & General Group Plc now owns 549,008 shares of the software maker’s stock valued at $57,860,000 after acquiring an additional 9,631 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Workday by 2.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 513,828 shares of the software maker’s stock valued at $54,152,000 after acquiring an additional 14,265 shares during the last quarter. 66.90% of the stock is owned by institutional investors and hedge funds.

Workday (WDAY) traded down $4.91 during trading on Friday, reaching $112.86. The company’s stock had a trading volume of 1,264,166 shares, compared to its average volume of 1,556,500. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. The stock has a market cap of $23,450.00, a P/E ratio of -78.30 and a beta of 2.01. Workday has a twelve month low of $80.61 and a twelve month high of $121.98.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million for the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. analysts expect that Workday will post -1.1 EPS for the current fiscal year.

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Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.